Aptos, the blockchain network backed by a16z, has seen its first pump.fun clone emerge, as meme coin mania continues to thrive.
Emojicoin, a new platform built on a Move-based blockchain, has gone live on the Aptos (APT) blockchain, offering users the ability to launch, trade, and swap emoji-tickered tokens. In a Nov. 20 blog post, Econia Labs, the firm behind the platform, said the solution allows users to launch and trade digital assets with emoji symbols, adding an “extra layer of accessibility and creativity to the memecoin space.”
Econia Labs chief executive Alex Kahn says the idea behind emojicoin.fun was to “combine financial empowerment with a fun, accessible experience,” adding that the platform offers a “more engaging and scalable solution for token launches.”
The platform pledges to offer decentralized and fair token launches, providing users with equal access and market visibility, according to the blog post. It also utilizes parallelizable events and arithmetic aggregators to enable scalable transactions as well as an on-chain chat, allowing users to engage in real-time community discussions.
Those interested in launching an emojicoin would have to spend 1 APT (around $12.5 as of press time) plus 1 APT as a “refundable deposit.” Amid the news, APT soared 9%, jumping to $12.8.
Despite the ongoing hype surrounding meme coins, it is the platforms driving these activities that are profiting the most. As crypto.news reported earlier, Solana-based token deployer pump.fun achieved a major milestone in late October, surpassing 1 million SOL tokens in total revenue.
This milestone brought pump.fun’s revenue close to the $250 million mark, based on current market prices. Since its launch in January, the platform has experienced rapid growth, reaching the $100 million revenue milestone in just 217 days.
Read the full article here